RE: BITCOIN Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

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BITCOIN Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

in cryptocurrency •  7 years ago 

I firmly believe it is going more or less sideways until the SEC decision probably this week that will once again reject the ETF and it will go down.

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unfortunately this seems most likely.

I think we'll trade within a range until the SEC decision...but it's likely going to make a $300-$450 move in the next 48 hours in my opinion.
While I don't think the SEC is going to approve the ETF, I'd be surprised if they outright denied it. I feel a postponement is the most likely outcome...but we'll know soon enough.